Posts Tagged ‘Decision Support’
Three “201” Strategies for Maximizing HSAs
When it comes to health care consumerism, we have good news. Through both offline and online resources, our data shows that consumers are becoming more educated on using their health care spending dollars wisely. Consider these facts: Consumer Directed Health Plan (CDHP) participants are 39% more likely to check the price of a service before…
Read More4 HSA Strategies for Maximizing Their Use
We get it. For your employees, being an active health care consumer and managing health savings accounts (HSAs) can be confusing, especially if utilization is infrequent. In fact, data from a Further study fielded in 2020 shows 40% of employees feel less than confident in understanding this benefit offering and how to fully leverage it.…
Read MoreDCAP’s Use It or Lose It: Information for Brokers Regarding DCAP in 2020
The 2020 pandemic has disrupted everyone’s life. And working parents of young children have been among the most challenged. School, daycare and workplace closures have required such employees to supervise their children’s education while working from home. With most of us believing our worlds would return to pre-pandemic normal by late summer, no one gave…
Read More2021 FSA Contribution Limits Remain at $2,750
The IRS announced that the 2021 Flexible Spending Account (FSA) contribution limit will remain at $2,750. A medical FSA is a personal expense account that works with an employer’s health plan, allowing employees to set aside a portion of their salary, pretax, to pay for qualified medical expenses. An FSA offers employees a smart way…
Read More3 Approaches to Connect with Clients on Health Spending Accounts
We know you have a lot on your plate as a broker You wear multiple hats and are pulled in multiple directions, often spanning the entire spectrum of employee benefits – everything from bringing forth options to troubleshooting specific employee issues. However, one constant need is the importance of having ongoing conversations with your clients.…
Read MoreWhy Employers Need Different Messaging for HDHP and PPO Members
Comprehending the complex world of health care is not for the faint of heart. There’s acronyms galore, many different provider options and according to a 2019 published study, the majority of U.S. adults (51%) reported having inadequate health insurance literacy as measured by knowledge of basic insurance terms. Perhaps even more concerning is that close…
Read MoreThe Growing Role of Health Spending and Savings Accounts in the Benefits Portfolio
With the continuous trend of rising health care costs, companies are constantly seeking opportunities to contain costs, while providing employees with comprehensive benefits offerings. Employers recognize the need to cater to cross-generational employees when it comes to benefits packages–particularly in the area of health care coverage. Health saving and spending accounts, such as HSAs and HRAs, provide employers…
Read MoreHow Brokers Can Help Young Adults Maximize Their Healthcare Benefits
As young adults head to college or enter the workforce with their first job, they’re gaining independence, finding their way in life and realizing that, with adulthood, comes a whole new world that they may not have worried about before. One area in particular? Health care. In a recent survey, only 19% of employers believe…
Read MoreThe Cost of Common Holiday Injuries
Slipping a disk while picking up a grandchild to greet them. Choking on a turkey bone during a holiday meal. Indulging in too many festive cocktails. According to the United States Consumer Product Safety Commission (CPSC), more than 15,000 holiday-related injuries occur this time of year. This holiday season, it’s important your employees understand how…
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